How We Made This List
The first thing we did was to scour the Internet for popular online payday lenders and create a comprehensive list of as many as we could find. Once that was done, we started eliminating based on the lenders’ best practices, the kind of loans they give, and whether they give amounts that would help get you out of a jam.
We then filtered those left on the list by service variety, experience, customer reviews, and satisfaction. At the end of the elimination process, we had only the four best online payday loan providers in the US. But, if you’re still curious, here are the specific details of what we looked for while creating our compilation.
What We Looked For
- Professionalism: First, we checked how professional the companies are in terms of website layout, customer support, and service packaging. Additionally, we looked for efficiency in services. We ensured that the companies we chose didn’t have long waiting periods and redundant processes.
- Customer Satisfaction: Customer reviews tell a lot about a company. So we scoured the Internet for what former customers are saying about their services. We checked what the companies are doing that makes them stand out from the rest. The length of a company’s existence in the market is also a pretty good indicator of customer satisfaction. How? A business without new and returning customers will not stand the test of time. It’s that simple.
- Transparency: How transparent are the company’s products and services? Do they have a visible interest rate range that is comparable to other excellent loan providers? We also checked whether the companies list their installmentloansgroup.com/installment-loans-id/ partners. Sometimes lenders don’t mention the companies they work with because they’re shady. Finally, we checked for signs of complaints of hidden costs and fees?
- Information Security: We eliminated some of these companies simply because they weren’t keen on protecting customer data.